37,800 sf auto dealership (mentor mitsubishi) on 8.7 ac … · 2020-02-05 · 1000 chrysler drive...
TRANSCRIPT
F O R S A L E
37,800 SF AUTO DEALERSHIP (MENTOR MITSUBISHI) ON 8.7 ACMENTOR, OH - NEW & USED CAR DEALERSHIP FOR SALE8 5 0 5 M E N T O R A V E N U E • M E N T O R , O H 4 4 0 6 0
JOSEPH KHOURI First Vice President
+1 216 658 [email protected]
KEVIN MOSSSenior Associate+1 216 363 6453
MENTOR AVENUE
603.4’
630’
625.1’
585.9’
CENTER STREET
22,975VPD
22,424VPD
P R O P E R T Y I N F O
• Sale Price: $5,600,000 $4,800,000
• This is the largest used-car dealership opportunity in the Mentor market. A used car dealership can only be in operation in conjunction with a new car dealership.
• 37,800 SF New & Used Auto Dealership on 8.7 AC on Mentor Avenue!
• Over 30,000 SF service & parts department
• 6,300 SF auto show room
• Zoned B2 – General Business District
• Trafficcountsof22,975VPD(SourceODOT)onMentor Avenue.
• Thesitefeatures3MentorAvenuecurbcutsandatrafficlightwithadedicatedleftturn-lane.
• Over630’offrontageonMentorAvenue!
• Themarkethasa5milepopulationof102,722people anddaytimepopulationof99,580peopleina5mile radius.
• Mentorisoneofthelargestretailmarketsinthestate. ThepropertyislocatedminutesfromGreatLakesMall corridor,whichfeaturesmanynewtomarketretailers and restaurants including Round One Entertainment, HobbyLobby,CoreLifeEatery,BJ’sBrewhouse,At Home, Slymans, Burgerim and more!
I N T E R I O R P H O T O S
Mentor is the 6th largestretail sales trade area in theStateofOhio,onlybehindColumbus, Cincinnati, Toledo,Cleveland, and Akron, withover$1.5Binannualsales.
GreatLakesMallistheonlymall in Mentor and generatesapproximately $385/ SF insales annually.
MENTOR AVENUE
603.
4’
630’
625.1’
585.9’
CENTER STREET
22,424VPD
22,975VPD
Mentorboasts1,700businesseswith3.3millionsquarefeetofretaildevelopment and 3,200 acres zonedformanufacturing,witha4.2%industrialvacancy rate.
With300manufacturersinMentor,the city ranks as the seventh-largestbasefacilitiesofproductioninOhio.
M A R K E T O V E R V I E W
OFFICE & INDUSTRIAL
• ±2,100,000SFofOfficeSpacewithin5miles
• ±20.4MSFofIndustrialSpacewithin5miles
• 4,293Businesseswithin5miles
• +325 retailers: ranked sixth in the State ofOhiowithover$1.5Binannualsales
• +170eateries:rankedseventhinOhio,firstpercapita
• Five highway interchanges
HEALTHCARE
• TriPointMedicalCenter-141Beds
• LakeHealthWestMedicalCenter-160Beds
SCHOOLS
• Mentor High School: 2,680 Students
• LakeCatholicHighSchool:685Students
• Mentor Public Schools: +7,700 Students
• LakelandCommunityCollege:7,581Students
• LakeErieCollege:+1,177Students TRAFFIC GENERATORS
• GreatLakesMall:Macy’s,Dillards,JCPenney,RoundOne
HOTELS
• 13;1,200Rooms
• HolidayInnExpressNowOpen
MAJOR EMPLOYERS
(1,043)
TRADE AREACITY: MENTOR / COUNTY: LAKE23 MILES NORTHEAST OF CLEVELAND
(825)
(540)
(450)
(325)
(300)
(271)
(270)
(265)
M A R K E T O V E R V I E W
0.57 mi
N
CONCORD
MENTOR ONTHE LAKE
MENTOR
PAINESVILLE
PAINESVILLE
Lost Nation Airport
LAKESHORE BLVD
LAKESHORE BLVD
REYN
OLD
S RD
LOST
NAT
ION
RD
PLA
ZA B
LVD
MENTOR AVE
HO
PKINS RD
HO
PKINS RD
HENDRICKS RD
CH
ILLICO
THE RD
CHILLIC
OTHE
RD
HO
PKINS RD
JOHNNYCAKE R
IDGE RD
JACKSON ST
JAC
KSO
N S
T
KIN
G M
EMO
RIA
L RD
JOHNNYCAKE R
IDGE R
D
HEI
SLEY
RD
HEI
SLEY
RD
JOH
NN
YCAKE
RIDGE RD
TYLER BLVD
TYLE
R BL
VD
TYLE
R BL
VD
TYLE
R BLV
D
CEN
TER
STC
ENTE
R ST
HO
PKIN
S RD
MUNSON RD
AN
DRE
WS
RD
L A K E E R I E
PROUTY RD
GIRDLED RD
AUBURN RD
Tri-Point Medical Center
AU
BURN
RD
HER
MIT
AG
E RD
NEW
ELL ST
LIBERTY ST
STATE ST
BAN
K ST
W WALNUT ST
PAINESVILLE RAVEN
NA RD
PINECREST RD
MO
RLEY
RD
SHAMRO
CK BLVD
MentorLagoons
Lubrizol
Steris
Lake Co.Fairgrounds
Lincoln Electric
AveryDennison
NHVS
86
Mentor High School
Mentor City Hall & Civic
Center
Lake Catholic
High School
Lake ErieCollege
Grand River
Gra
ndRi
ver
H
4,452
WILLOUGHBY
90
90
90
44
44
44
44
2
615
615
283
283
283
306
306
306
2
2
84
84
84
84
20
20
20
20
20
20
53,810
64,931
42,654
•22,754
13,5
89
6,860
28,2
76
11,944
8,40
7
5,307
12,8
9010,7
49 9,493
22,6
05
35,547
16,1
57
57,9
12
19,7
50
9,532
8,9
60
16,8
66
22,957
•14,186
13,326
7,68
2
6,5
17
8,9
60
53,767
43,804
3,9
68
16,8
66
9,513
7,407
22,0
63
11,7
54
19,8
39
25,9
93
12,132
12,132
6,76
7
17,561
14,969
15,957
23,6
47
•36,073
•10,508
13,4
12
22,975
19,308
6,816
13,291
11,3
20
5,136
6,967
12,78716,237
14,6
25
19,7
08
59,1
37
68,843
Proposed
GREAT LAKES MALL
MENTOR PLAZA
Found from website recreated PMS
Found from website recreated PMS
CONCORD PLAZA
Mentor Family Foods
PAINESVILLE COMMONS
ERIE COMMONS
MENTOR CITY
SHOPPING CENTER
POINTS EAST PLAZA
LAKESIDE CENTER
SHOPPES OF MENTOR
GREAT LAKES PLAZA
MENTOR TOWNE CENTRE
CREEKSIDE COMMONS
GIANT EAGLE PLAZA
MENTOR COMMONS
GRISTMILL VILLAGE
CRYSTAL PLAZA
Proposed
THE CITY MARKET
Grocery Store Proposed
UnderConstruction:
Proposed:
Opening Soon:
Proposed
Proposed:
DIAMOND CENTRE
The New Chrysler Wing is a trademark of Chrysler Group LLC.1000 Chrysler Drive Auburn Hills, Mchigan 48326
Filed for registration with the US Patent and Trademark Office, July 2009.First use in commerce, November 2010.
Rendered February 2011 by John Conti <[email protected]>
TOWNSQUARE
Proposed
CRILE CROSSING
Opening 2019
Relocating
Proposed:
Hotel Proposed
12
3
4
65
7
8
9
10
11
Planned
© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRELicensed Real Estate Broker Last Updated: August 1, 2019
HOTELS14 Hotels/1,350 Rooms1. Super 8 - 632. Studio 6 - 1143. Holiday Inn - 1324. Best Western - 505. Residence Inn - 966. WoodSpring Suites - 1177. Hampton Inn - 908. Wingate - 839. Quail Hollow - 17610. Comfort Inn - 5511. Holiday Inn Express - 84Not on map:
Mentor Home Inn - 70Days Inn - 112Red Roof Inn - 108
Planned: Homewood Suites - N/A
TRADE AREA INFO Mentor Ave & Center St(3 Miles)
• Population: 44,090 • Daytime Population: 51,894• Total Households: 18,341• Average HH Income: $93,291 • Total Businesses: 2,247• Total Employees: 34,443
MAJOR EMPLOYERS1. STERIS - 1,0432. TriPoint Medical Center - 8253. Lincoln Electric - 5404. NHVS International Inc. - 3255. Avery Dennison - 300
Traffic Counts: Ohio Department of Transportation (ODOT) 2018-2019
MENTOR–GREAT LAKESMALLRETAIL TRADE AREA
0.57 mi
N
CONCORD
MENTOR ONTHE LAKE
MENTOR
PAINESVILLE
PAINESVILLE
Lost Nation Airport
LAKESHORE BLVD
LAKESHORE BLVD
REYN
OLD
S RD
LOST
NAT
ION
RD
PLA
ZA B
LVD
MENTOR AVE
HO
PKINS RD
HO
PKINS RD
HENDRICKS RD
CH
ILLICO
THE RD
CHILLIC
OTHE
RD
HO
PKINS RD
JOHNNYCAKE R
IDGE RD
JACKSON ST
JAC
KSO
N S
T
KIN
G M
EMO
RIA
L RD
JOHNNYCAKE R
IDGE R
D
HEI
SLEY
RD
HEI
SLEY
RD
JOH
NN
YCAKE
RIDGE RD
TYLER BLVD
TYLE
R BL
VD
TYLE
R BL
VD
TYLE
R BLV
D
CEN
TER
STC
ENTE
R ST
HO
PKIN
S RD
MUNSON RD
AN
DRE
WS
RD
L A K E E R I E
PROUTY RD
GIRDLED RD
AUBURN RD
Tri-Point Medical Center
AU
BURN
RD
HER
MIT
AG
E RD
NEW
ELL ST
LIBERTY ST
STATE ST
BAN
K ST
W WALNUT ST
PAINESVILLE RAVEN
NA RD
PINECREST RD
MO
RLEY
RD
SHAMRO
CK BLVD
MentorLagoons
Lubrizol
Steris
Lake Co.Fairgrounds
Lincoln Electric
AveryDennison
NHVS
86
Mentor High School
Mentor City Hall & Civic
Center
Lake Catholic
High School
Lake ErieCollege
Grand River
Gra
ndRi
ver
H
4,452
WILLOUGHBY
90
90
90
44
44
44
44
2
615
615
283
283
283
306
306
306
2
2
84
84
84
84
20
20
20
20
20
20
53,810
64,931
42,654
•22,754
13,5
89
6,860
28,2
76
11,944
8,40
7
5,307
12,8
9010,7
49 9,493
22,6
05
35,547
16,1
57
57,9
12
19,7
50
9,532
8,9
60
16,8
66
22,957
•14,186
13,326
7,68
2
6,5
17
8,9
60
53,767
43,804
3,9
68
16,8
66
9,513
7,407
22,0
63
11,7
54
19,8
39
25,9
93
12,132
12,132
6,76
7
17,561
14,969
15,957
23,6
47
•36,073
•10,508
13,4
12
22,975
19,308
6,816
13,291
11,3
20
5,136
6,967
12,78716,237
14,6
25
19,7
08
59,1
37
68,843
Proposed
GREAT LAKES MALL
MENTOR PLAZA
Found from website recreated PMS
Found from website recreated PMS
CONCORD PLAZA
Mentor Family Foods
PAINESVILLE COMMONS
ERIE COMMONS
MENTOR CITY
SHOPPING CENTER
POINTS EAST PLAZA
LAKESIDE CENTER
SHOPPES OF MENTOR
GREAT LAKES PLAZA
MENTOR TOWNE CENTRE
CREEKSIDE COMMONS
GIANT EAGLE PLAZA
MENTOR COMMONS
GRISTMILL VILLAGE
CRYSTAL PLAZA
Proposed
THE CITY MARKET
Grocery Store Proposed
UnderConstruction:
Proposed:
Opening Soon:
Proposed
Proposed:
DIAMOND CENTRE
The New Chrysler Wing is a trademark of Chrysler Group LLC.1000 Chrysler Drive Auburn Hills, Mchigan 48326
Filed for registration with the US Patent and Trademark Office, July 2009.First use in commerce, November 2010.
Rendered February 2011 by John Conti <[email protected]>
TOWNSQUARE
Proposed
CRILE CROSSING
Opening 2019
Relocating
Proposed:
Hotel Proposed
12
3
4
65
7
8
9
10
11
Planned
© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRELicensed Real Estate Broker Last Updated: August 1, 2019
HOTELS14 Hotels/1,350 Rooms1. Super 8 - 632. Studio 6 - 1143. Holiday Inn - 1324. Best Western - 505. Residence Inn - 966. WoodSpring Suites - 1177. Hampton Inn - 908. Wingate - 839. Quail Hollow - 17610. Comfort Inn - 5511. Holiday Inn Express - 84Not on map:
Mentor Home Inn - 70Days Inn - 112Red Roof Inn - 108
Planned: Homewood Suites - N/A
TRADE AREA INFO Mentor Ave & Center St(3 Miles)
• Population: 44,090 • Daytime Population: 51,894• Total Households: 18,341• Average HH Income: $93,291 • Total Businesses: 2,247• Total Employees: 34,443
MAJOR EMPLOYERS1. STERIS - 1,0432. TriPoint Medical Center - 8253. Lincoln Electric - 5404. NHVS International Inc. - 3255. Avery Dennison - 300
Traffic Counts: Ohio Department of Transportation (ODOT) 2018-2019
MENTOR–GREAT LAKESMALLRETAIL TRADE AREA
M E N T O R - G R E AT L A K E S M A L L
R E TA I L T R A D E A R E A
SITE
D E M O G R A P H I C S
1 MILE 3 MILES 5 MILES
POPULATIONS2019 POPULATION 5,189 42,642 102,722
DAYTIME POPULATION 5,887 51,144 99,580
2024 PROJECTED POPULATION 5,335 43,143 104,087
2019 POPULATION 25 AND OVER 4,031 32,404 76,236
HOUSEHOLD INCOME2019 AVERAGE HOUSEHOLD INCOME $79,718 $93,123 $87,241
2024 PROJECTED HOUSEHOLD INCOME $90,769 $102,843 $97,478
2019 MEDIAN HOUSEHOLD INCOME $63,475 $72,089 $65,061
2024 PROJECTED MEDIAN INCOME $73,503 $79,489 $73,777
2019 NUMBER OF HOUSEHOLDS 2,323 17,826 42,803
F O R S A L E
8505 MENTOR AVENUE M E N T O R , O H 4 4 0 6 0
C O N TA C T U S
JOSEPH KHOURI First Vice President
+1 216 658 [email protected]
KEVIN MOSSSenior Associate+1 216 363 6453
CBRE, INC. 950 Main Avenue, Suite 200
Cleveland, OH 44113+1216 687 1800
©2020CBRE,Inc.Allrightsreserved.Thisinformationhasbeenobtainedfromsourcesbelievedreliable,buthasnotbeenverified foraccuracyorcompleteness.Youshouldconductacareful,independentinvestigationofthepropertyandverifyallinformation.Anyrelianceonthisinformationissolelyatyourownrisk.CBREandtheCBRElogoareservicemarksofCBRE, Inc.Allothermarksdisplayedonthisdocumentarethepropertyoftheirrespectiveowners,andtheuseofsuchlogosdoesnotimplyanyaffiliationwithorendorsementofCBRE.Photoshereinarethepropertyoftheirrespectiveowners.Useoftheseimageswithouttheexpresswrittenconsentoftheowneris prohibited.
F O R S A L E 37,800 SF AUTO DEALERSHIP (MENTOR MITSUBISHI) ON 8.7 AC
MENTOR, OH - NEW & USED CAR DEALERSHIP FOR SALE8 5 0 5 M E N T O R A V E N U E • M E N T O R , O H 4 4 0 6 0